Newsxpress Newsagency, Gifts And Homewares – Sandgate, Brisbane
Business Sold BS150260 BS150260, Sandgate, Queensland 4017
Business Category Newsagency
SOLD
Description
Newsxpress Newsagency, Gifts And Homewares – Sandgate, Brisbane
Business ID: BS150260
Turnover $2.3m-plus - Strong year-on-year sales growth
This ‘new model’ Newsagency Gift Store has been transformed from selling low return product lines to a modern, attractive retail outlet with a growing reputation as a destination shopping location.
Turnover since 2010 has increased from approx. $1.1m to currently in excess of $2.3m.
newsXpress Sandgate boasts a prime shopfront location in the Ibis Centre - in front of a busy Woolworths.
-Major shop refit 2 years ago resulting in increased sales and improved gross profit margins
-Many improvements – including the latest Golden Casket Digipos image upgrades
-Prime location with excellent tenancy mix plus undercover parking
-Excellent support from the newsXpress Group - one of Australia’s leading independent retail groups
-Key national and international supply chain access – Marketing and IT support
-Well trained, highly motivated, and capable staff in place
-Key products/services include Golden Casket ‘The Lott’, Stationery/office supplies, Newspapers/magazines, Homewares/giftware, High-end confectionery, and more
-Current owners will remain for 2 weeks after purchase for smooth changeover
The owners have set up this business to operate without their daily presence, leaving them free to enjoy an excellent work-life balance.
They have also recently negotiated a $45,000 reduction in annual rent, which has greatly improved cash flow.
Over time, products which only returned 3-9% - have been replaced with products offering returns of 80-150%.
Continually evolving and improving, newsXpress Sandgate offers great potential for future growth through online sales and bulk stationery supply services, particularly for local businesses.
Price $239,000 + SAV (approx. $100k)
Property Code: 2796
Turnover $2.3m-plus - Strong year-on-year sales growth
This ‘new model’ Newsagency Gift Store has been transformed from selling low return product lines to a modern, attractive retail outlet with a growing reputation as a destination shopping location.
Turnover since 2010 has increased from approx. $1.1m to currently in excess of $2.3m.
newsXpress Sandgate boasts a prime shopfront location in the Ibis Centre - in front of a busy Woolworths.
-Major shop refit 2 years ago resulting in increased sales and improved gross profit margins
-Many improvements – including the latest Golden Casket Digipos image upgrades
-Prime location with excellent tenancy mix plus undercover parking
-Excellent support from the newsXpress Group - one of Australia’s leading independent retail groups
-Key national and international supply chain access – Marketing and IT support
-Well trained, highly motivated, and capable staff in place
-Key products/services include Golden Casket ‘The Lott’, Stationery/office supplies, Newspapers/magazines, Homewares/giftware, High-end confectionery, and more
-Current owners will remain for 2 weeks after purchase for smooth changeover
The owners have set up this business to operate without their daily presence, leaving them free to enjoy an excellent work-life balance.
They have also recently negotiated a $45,000 reduction in annual rent, which has greatly improved cash flow.
Over time, products which only returned 3-9% - have been replaced with products offering returns of 80-150%.
Continually evolving and improving, newsXpress Sandgate offers great potential for future growth through online sales and bulk stationery supply services, particularly for local businesses.
Price $239,000 + SAV (approx. $100k)
Property Code: 2796
Similar Businesses For Sale
This business is somewhat unique and has no similar competition in this region, category or price bracket.
Contact Seller
Coast to Coast Business Sales
Bsale ID: 594430
Broker REF: xcllusive_49_351
